$1,425,000
1320 NE 16th Terrace
Fort Lauderdale, FL 33304
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $1,425,000
- Price per sq ft
- $1,435
- Original price
- Unchanged
- Days on market
- 55
This 4-bedroom townhouse in Progresso went under contract with an asking price of $1,425,000, or $1,435 per square foot. It spent 55 days on the market before going under contract.
Estimated monthly payment
$7,489 /mo
Principal and interest only, based on $285,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,425,000
- Days on Site
- 55 Days
- Bedrooms
- 4
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 993 sqft
- Total Sq Ft
- 1,415 sqft
- Year Built
- 2026
- Property Type
- Townhouse
- MLS #
- A12061845
- Property Tax
- $7,313 (2025)
- Subdivision
- PROGRESSO
- County
- Broward
- Status
- Under Contract
About This Property
Welcome to Lake Ridge—one of Fort Lauderdale’s fastest-growing and most exciting neighborhoods, where new construction homes are selling faster than they can be developed. This remarkable collection has already proven its demand: four residences are under contract, four are rented, and only two remain available for purchase.Step inside and immediately experience the difference. Offering over 2,600 square feet under air, each residence features three oversized bedrooms, three-and-a-half luxurious bathrooms, an expansive open-concept layout, and a private resort-style pool.Every detail was carefully selected to deliver the look and feel of a multimillion-dollar custom home. Highlights include a spectacular glass-enclosed chef’s kitchen, panel-ready appliances, integrated sinks, wine coolers, smart toilets, solid wood doors, oversized designer tile, dramatic ceiling-mounted faucets, and beautifully curated finishes throughout.This is more than a townhome—it is a statement of modern luxury, thoughtful design, and exceptional craftsmanship. With 10 luxury townhomes and three single-family residences developed along this street, the neighborhood has been completely transformed into one of Fort Lauderdale’s most desirable new-construction destinations.The success speaks for itself. Only two opportunities remain—secure yours before the final residences are gone.
Virtual TourGeneral Features
- Property Type
- Townhouse
- Status
- Under Contract
- Year Built
- 2026
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 1
- Parking
- Garage / Garage Door Opener
- Living Sq Ft
- 993
- Total Sq Ft
- 1,415
- Structure Type
- Townhouse
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Ice Maker / Microwave
- Cooling
- Ceiling Fans
- Heating
- Central
- Interior Features
- Other
Exterior Features
- Construction
- Other
- Exterior Features
- Other
- Private Pool
- Yes
- Pool Features
- Private / Association
- View
- Pool
Community & HOA
- Association Amenities
- Pool
- Security
- Closed Circuit Cameras / Secured Garage Parking
- Pets Allowed
- Yes
- Financing Terms
- Owner Will Carry / Other
- Restrictions
- No Restrictions
- MLS Area
- 3380
Schools
- Elementary School
- Bennett
- Middle School
- Sunrise
- High School
- Fort Lauderdale
About the Community
Progresso is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $244,900 to $2,900,000. Homes were built between 1931 and 2027. Pure Equity lists homes in Progresso and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 190
- Under Contract
- 22
- Median List Price
- $767,000
- Median Sale Price (September)
- $650,000
- Median $/Sq Ft
- $472
- Avg Days on Market
- 97
Frequently Asked Questions
- How do I schedule a tour of 1320 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1320 NE 16th Terrace, Fort Lauderdale, FL 33304. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1320 NE 16th Terrace, Fort Lauderdale, FL 33304 still available?
- 1320 NE 16th Terrace, Fort Lauderdale, FL 33304 is currently listed as Under Contract, and has been on the market 55 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1320 NE 16th Terrace, Fort Lauderdale, FL 33304?
- With 20% down ($285,000) on the $1,425,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1320 NE 16th Terrace, Fort Lauderdale, FL 33304 is about $7,489/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1320 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1320 NE 16th Terrace, Fort Lauderdale, FL 33304. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 1320 NE 16th Terrace, Fort Lauderdale, FL 33304?
- 1320 NE 16th Terrace, Fort Lauderdale, FL 33304 is zoned for Bennett (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1320 NE 16th Terrace, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1320 NE 16th Terrace, Fort Lauderdale, FL 33304 depends on how it's priced against comparable townhouse sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of REI By Zip LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 1, 2026.
$1,425,000
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Listed by Amit Drore, REI By Zip LLC
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Recent Sales
Recently sold homes in Progresso
These are the last 6 recorded closings in Progresso, with the price each home actually sold for rather than what it was listed at. They closed at a median of $480 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$610,000
Sold · September 30, 2026
1432 NE 2ND Avenue
3 bed · 2 bath · 1,272 sqft · $480/sqft
$19,000 under the asking price
Sold$520,000
Sold · September 28, 2026
1625 NW 2nd Avenue
3 bed · 2 bath · 1,111 sqft · $468/sqft
$29,800 under the asking price
Sold$690,000
Sold · September 25, 2026
1436 NE 17TH Terrace
5 bed · 4 bath · 1,668 sqft · $414/sqft
$60,000 under the asking price
Sold$1,170,000
Sold · September 25, 2026
1424 NE 16TH Avenue
4 bed · 3 bath · 1,780 sqft · $657/sqft
$25,000 under the asking price
Sold$525,000
Sold · September 22, 2026
1732 NE 15TH Avenue
3 bed · 2 bath · 1,080 sqft · $486/sqft
$25,000 under the asking price
Sold$900,000
Sold · September 21, 2026
848 NW 2nd Avenue
0 bed · 0 bath · 1,936 sqft · $465/sqft
$75,000 under the asking price
See every recorded sale in Progresso or find out what your Progresso home is worth.
